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LeopoldBloom 路 M
You have it backwards. He undervalued them to save on taxes, while overvaluing them to get lower interest rates on loans he used them as collateral for.
SomeMichGuy 路 M
@LeopoldBloom Yes. He played both ends of that game.
He owes taxes, penalties, interest on *property* taxes, it would seem, and his income taxes...lol
He owes taxes, penalties, interest on *property* taxes, it would seem, and his income taxes...lol